US Home Affordability Calculator
Find out how much house you can afford based on your income, debts and down payment using the 28/36 rule. See your maximum home price and monthly payment.
Home Affordability Calculator
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Car loans, student loans, credit cards, etc.
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Varies by location (1-2% typically)
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Maximum Home Price
$280,000.00
Based on 28/36 debt-to-income rules
Estimated Monthly Payment
$1,747.22
Principal, interest, taxes, and insurance
Payment Breakdown (Monthly)
Principal & Interest$1,390.55
Property Tax$256.67
Home Insurance$100.00
Total Housing Payment$1,747.22
Debt-to-Income Ratios
Monthly Income$6,250.00
Housing Cost Ratio28.0%
Other Monthly Debts$500.00
Total Debt-to-Income Ratio36.0%
28/36 Rule Explained
- • 28% Rule: Housing costs should not exceed 28% of gross monthly income
- • 36% Rule: Total debt payments (including housing) should not exceed 36% of gross monthly income
- • Lender Requirement: Most lenders use both rules. Your max home price is limited by whichever is lower
- • Important: This calculator shows lending guidelines, not your actual affordability. Consider your personal financial situation
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